ATR is a French-Italian regional aircraft manufacturer based in Toulouse, France. ATR was formed in 1982 as a joint venture between Aerospatiale (now EADS) and Aeritalia (now Alenia Aeronautica, part of the Finmeccanica Group). The company produces the ATR 42 and ATR 72. Headquartered in Toulouse, France, ATR employs more than 800 people across Europe, with major operations in the Blagnac and St Martin areas of the Midi Pyrénées region. Total company revenues for 2009 were around USD1.4 billion.
728 total articles
Air Caraïbes achieves strong France-Caribbean market shares; to receive first ATR 72-600 in Oct-2013
20 total articles
Highlights from the third day at Farnborough 2012
The old regional airline, capacity-purchase model is well and truly broken and airlines must evolve to find a more profitable model, Dahlman Rose analyst Helane Becker said in her latest briefing in a harsh evaluation of the sector based on losses and current efforts to restructure.
Regionals have been evolving, expanding capacity purchase portfolios or acquiring branded operations such as Republic’s acquisition of Midwest and Frontier to form Frontier Airlines. Even so, that doesn’t seem enough simply because they are still so many aircraft in a vastly shrinking regional airline system.
Precision Air’s Initial Public Offering (IPO) will take place on 07-Oct-2011 when the carrier is listed on the Dar es Salaam Stock Exchange. Tanzania’s largest airline plans to use funds raised from the rights issue to fund fleet and route expansion. Tanzania’s transport sector is underdeveloped, although steps are being taken to encourage investment and improve infrastructure, in particular at rural airports. Better infrastructure will help drive domestic and regional trade, move the economy away from a reliance on agriculture and support tourism growth, all growing and important sectors in the Tanzanian economy.
Flybe, Europe’s largest regional airline, announced that it recorded strong gains in revenue and passenger numbers in its fiscal first quarter (Apr-2011 to Jun-2011) and expects to post an annual profit compared to last year's loss. The regional LCC also stated it has made “excellent” progress on its strategic growth plans, with the acquisition of Finncomm Airlines in the quarter. But investors are not fully comfortable with the carrier's plans, selling the stock down since its listing at the end of last year.
The major beneficiaries of this week’s frenetic (public relations) activity just outside Paris live half a world away. They are Asia’s emerging travellers – the millions that have never stepped inside an aircraft, but for whom air travel is becoming attainable. That opportunity took a major step forward as Asian carriers – many of whom the world had never heard of a decade or even five years ago – stepped up in front of the world’s media to order narrowbodies for the mass markets they see blossoming at home.
One of the major take-aways from the latest Boeing Current Market Outlook is its prediction about a diminishing role for regional jets. While it sees no drop in mainline aircraft lifespans, it does say the regional jet fleet lifespan may be about 16 years compared with the 23 to 24 years for single and twin-aisle jets.
Great news! CAPA now offers email and phone contact functionality through its partnership with Gooey. Corporate access for this feature is USD1000 per annum.